"Worst job report in four years!"
That was ABC radio news just now.
The current BLS report shows a loss of 17,000 payroll jobs in January. This is the first such loss in four years, which makes the headline technically accurate (there was another reported loss some months back, but later reports revised it back into the positive zone).
ABC did not mention that the unemployment rate dropped back down to 4.9 percent, driven by a household employment increase of 37,000 jobs.
